CWA Asset Management Group LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

CWA Asset Management Group LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,280 shares of the entertainment giant’s stock after selling 1,297 shares during the period. CWA Asset Management Group LLC’s holdings in Walt Disney were worth $1,936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in Walt Disney by 44.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 24,984,524 shares of the entertainment giant’s stock worth $2,358,539,000 after purchasing an additional 7,654,961 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Walt Disney by 946.5% in the 3rd quarter. Fisher Asset Management LLC now owns 5,141,439 shares of the entertainment giant’s stock worth $484,992,000 after acquiring an additional 4,650,159 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Walt Disney by 44.3% in the 3rd quarter. Alliancebernstein L.P. now owns 9,046,135 shares of the entertainment giant’s stock worth $853,322,000 after acquiring an additional 2,775,303 shares during the period. Vanguard Group Inc. grew its holdings in shares of Walt Disney by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 143,962,415 shares of the entertainment giant’s stock worth $13,579,975,000 after acquiring an additional 2,144,485 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Walt Disney by 659.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,252,131 shares of the entertainment giant’s stock worth $308,902,000 after acquiring an additional 1,955,532 shares during the period. 62.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIS has been the topic of a number of research reports. Huber Research initiated coverage on Walt Disney in a report on Tuesday, January 17th. They issued an “overweight” rating on the stock. Citigroup lowered their price target on Walt Disney from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, February 13th. JPMorgan Chase & Co. initiated coverage on Walt Disney in a report on Monday, February 13th. They set an “overweight” rating and a $135.00 target price on the stock. Barclays increased their target price on Walt Disney from $98.00 to $110.00 in a report on Thursday, February 9th. Finally, KeyCorp increased their target price on Walt Disney from $119.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $128.92.

Insider Activity

In other news, EVP Brent Woodford sold 18,110 shares of the firm’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the completion of the sale, the executive vice president now directly owns 33,186 shares in the company, valued at $3,267,493.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Brent Woodford sold 18,110 shares of the firm’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the completion of the sale, the executive vice president now directly owns 33,186 shares in the company, valued at $3,267,493.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christine M. Mccarthy sold 42,533 shares of the firm’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $4,187,799.18. Following the sale, the chief financial officer now owns 181,830 shares of the company’s stock, valued at $17,902,981.80. The disclosure for this sale can be found here. Insiders sold 62,921 shares of company stock worth $6,209,132 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 1.2 %

NYSE:DIS opened at $93.20 on Friday. The business’s 50-day moving average is $102.55 and its two-hundred day moving average is $99.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.93. The Walt Disney Company has a 12 month low of $84.07 and a 12 month high of $144.46. The firm has a market capitalization of $170.26 billion, a PE ratio of 51.21, a price-to-earnings-growth ratio of 2.29 and a beta of 1.30.

Walt Disney (NYSE:DIS – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The entertainment giant reported $0.99 EPS for the quarter, beating the consensus estimate of $0.69 by $0.30. Walt Disney had a return on equity of 6.72% and a net margin of 3.93%. The company had revenue of $23.51 billion for the quarter, compared to analyst estimates of $23.29 billion. During the same period last year, the company posted $1.06 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 3.98 earnings per share for the current fiscal year.

Walt Disney Profile

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.